1522 Harding St · Wichita Falls, TX 76301

$80,000

3 bd · 1.0 ba · 2,224 sqft · SingleFamily public records · 630 Days on market

Built 1954 $36/sqft · at area comps Est $80k · at est. ↓ 33% since listing

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.5/30.0
• 1% rule +10.0/10.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.8/5.0
• Livability +3.5/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious brick 4 bedroom home with 2 living areas. To be SOLD "AS IS" to settle an estate. Home sits on . 83 of an acre. Large square footage.

Key facts

• Spacious brick home
• 2 living areas
• Built 1954

Tags

• SPACIOUS BRICK HOME
• 2 LIVING AREAS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $211 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 4.7% in Wichita Falls — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#437 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D.
• Wichita Falls ISD (urban): math 31% / reading 33% proficiency, ranked #585 of 826 in TX (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.3%/yr); 133 active listings in the ZIP; lower-income renter base — watch delinquency; 231 units permitted in Wichita County in 2024 (10 in 5+ unit buildings).
• This rent runs 35% of the median local income ($42k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Wichita County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.3% rent growth), your $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 630 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 4.5% of price; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 630 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.52% ✓
• Cap rate: 9.46%
• Cash-on-cash: 11.30%
• DSCR: 1.50
• GRM: 5.5

CMA / ARV

• ARV (median comp): $80,058
• List price: $80,000
• Delta: -0.07%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.27% rent growth · sell at horizon

5-year hold

• IRR: 3.9%
• Equity multiple: 1.15×
• Total profit: $3,462
• Equity at exit: $11,928

10-year hold

• IRR: 16.0%
• Equity multiple: 2.48×
• Total profit: $33,135
• Equity at exit: $6,917

Cash invested: $22,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76301

• Home prices YoY: -34.1%
• Rents YoY: 5.3%
• Active inventory: 133
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,220 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$300 /mo · $3,598/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $211

Break-even live

Break-even rent $953

Max offer price $80,000

Occupancy floor 78%

Sensitivity live

Price	-10% $256	-5% $234	+0% $211	+5% $188	+10% $166
Rent	-10% $115	-5% $163	+0% $211	+5% $259	+10% $307
Rate	-1.0pp $251	-0.5pp $231	base $211	+0.5pp $190	+1.0pp $169

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $80,000 Active 630 DOM
2. 2026-06-18
   days on market $80,000 Active 629 DOM
3. 2026-06-17
   days on market $80,000 Active 628 DOM
4. 2026-06-16
   days on market $80,000 Active 627 DOM
5. 2026-06-15
   days on market $80,000 Active 626 DOM
6. 2026-06-14
   days on market $80,000 Active 624 DOM
7. 2026-06-13
   days on market $80,000 Active 623 DOM
8. 2026-06-10
   days on market $80,000 Active 621 DOM
9. 2026-06-09
   days on market $80,000 Active 620 DOM
10. 2026-06-08
    days on market $80,000 Active 619 DOM
11. 2026-06-07
    days on market $80,000 Active 618 DOM
12. 2026-06-05
    days on market $80,000 Active 615 DOM
13. 2026-06-02
    days on market $80,000 Active 613 DOM
14. 2026-06-01
    days on market $80,000 Active 612 DOM
15. 2026-05-31
    days on market $80,000 Active 611 DOM
16. 2026-05-30
    days on market $80,000 Active 610 DOM
17. 2026-04-28
    price $80,000 153-char remark

    Show marketing remark (153 chars)

    Spacious brick 4 bedroom home with 2 living areas. To be SOLD "AS IS" to settle an estate. Home sits on . 83 of an acre. Large square footage.

18. 2025-10-28
    price $85,000 153-char remark

    Show marketing remark (153 chars)

    Spacious brick 4 bedroom home with 2 living areas. To be SOLD "AS IS" to settle an estate. Home sits on . 83 of an acre. Large square footage.

19. 2025-03-17
    price $95,000 153-char remark

    Show marketing remark (153 chars)

    Spacious brick 4 bedroom home with 2 living areas. To be SOLD "AS IS" to settle an estate. Home sits on . 83 of an acre. Large square footage.

20. 2025-02-20
    price $105,000 153-char remark

    Show marketing remark (153 chars)

    Spacious brick 4 bedroom home with 2 living areas. To be SOLD "AS IS" to settle an estate. Home sits on . 83 of an acre. Large square footage.

21. 2024-09-27
    listed $119,000 Active 153-char remark

    Show marketing remark (153 chars)

    Spacious brick 4 bedroom home with 2 living areas. To be SOLD "AS IS" to settle an estate. Home sits on . 83 of an acre. Large square footage.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $3,598 · $300/mo
• Projected year-2 tax: $3,598 · $300/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 58% chance over 30 yrs
• 🔥 Wildfire 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,637
• − Mortgage interest: −$4,481
• − Property taxes: −$3,598
• − Insurance: −$400
• − Repairs & maintenance: −$1,171
• − Management: −$1,171
• − Depreciation: −$2,327
• Taxable income: $1,489
• Est. tax owed @ 24.0%: −$357
• After-tax cash flow: $2,174/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Wichita Falls ISD
• NCES district ID: 4845780
• Math proficiency: 31% ▼ -10.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $41,604
• Composite: 27.06/100
• National rank: #7051
• State rank: #585 of 826 in TX

Livability — Wichita Falls

• Score: 69/100
• State rank: #437
• US rank: #8940

Category grades

Amenities F Commute F Cost of living A+ Crime D Employment D+ Housing A+ Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wichita Falls, TX
• County: Wichita County · 95,694 people
• City population: 95,694
• Metro: Wichita Falls, TX
• Population (ZIP): 15,479
• Household income: $41,947
• Rent vs Own: 44.7% rent · 55.3% own
• Severe rent burden: 577.0

Population outlook (Wichita County) Hauer SSP2

• Today (2025): 129,638 people
• By 2030: 128,366 · -1.0%
• By 2040: 124,466 · -4.0%
• By 2050: 120,499 · -7.0%
• By 2075: 113,884 · -12.2%
• By 2100: 101,818 · -21.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 40% Hispanic / Latino 38% Black 18% Two or more races 15% Asian 1%
• Hispanic origin (detail): Mexican 36%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 1%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 76% English-only · Spanish 22%

Political lean MEDSL · Wichita

• 2024 margin: Solid R (+44.0) · D 27.5% · R 71.5%
• 2008→2024 swing: -5.2pp toward R · 2008: -38.9pp · 2024: -44.0pp
• All cycles: 2024: R+44.0 2020: R+41.1 2016: R+49.7 2012: R+47.1 2008: R+38.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.89%
• Current HPI: 135.1511
• Rent YoY: ▲ 5.27%
• Metro: Wichita Falls, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-32.8% since first listed

5 events — show timeline

• 2026-04-28 Price Changed $80,000 WFAOR
• 2025-10-28 Price Changed $85,000 WFAOR
• 2025-03-17 Price Changed $95,000 WFAOR
• 2025-02-20 Price Changed $105,000 WFAOR
• 2024-09-27 Listed $119,000 WFAOR

Property tax history

+7.2%/yr

Latest (2025): $3,598 · +15.0% YoY. Source: county tax records.